Oil Prices Decline

Oil prices fell after industry data showed that crude inventories in the United States rose more than expected, but supply concerns limited the losses, according to Reuters. Brent crude futures for December declined by 72 cents, or 0.8%, to $92.80 per barrel, after closing up 26 cents in the previous session. Meanwhile, U.S. light crude futures for December dropped by 48 cents, or 0.6%, to $84.84, giving up gains from the previous session.